How Tex Market Benefits Commerce
We are pleased to announce Total Exchange’s Tex Market- a globally inclusive and compliant crypto-marketplace with E-commerce, DeFi payments and innovative services. After nearly 8 months in development and thorough testing, we are proud to showcase our vision to the broader community. The benefits realized for global commerce are the following:
Increases Efficiency in Global Trade: As globalization continues, Total Exchange aims to be borderless, decentralized and secure platform without merchant fees or consumer costs.
Faster Cross-Border Transactions: Total Exchange transactions support instantaneous settlement with crypto- currencies and stable coins globally.
Removes Friction and Inefficiencies: Intermediaries such as Visa, PayPal, banks etc. charge 1–5% in fees to be the trusted intermediary with added friction- not necessary now with Total Exchange’s TexPay gateway.
Accelerates Crypto Adoption: Cryptocurrencies such as Bitcoin are becoming the internet currency with wide acceptance for goods and services.
Mitigates Volatility with stable coins: Merchants that wish to have all benefits of cryptocurrencies without the risk in pricing and volatility can adopt stable coins in transactions.
Increases Financial Inclusivity: Banking the “unbanked” and “underbanked”- Bitcoin and cryptocurrencies enable anyone to be their own bank, with self-custody solutions and participation in global commerce.
Enhances Security and Data Privacy: Bitcoin and cryptocurrencies are the evolution in digital money with inherent privacy and encryption in transactions.
Increases Data Transparency: Blockchain ledger acts as the “master” ledger with built in audit trail for enhanced transparency for transactions and commerce.
Increases Liquidity in Goods: Asset Tokenization via blockchain allows goods that previously suffered from low liquidity to have increased liquidity, fractional ownership and secondary markets for enhanced price discovery.
Decreases Fraudulent Transactions: Counterfeits and transaction chargebacks are mitigated with increased transparency in supply chains, payments and documentation.
Self-Sovereignty Identity and Money: Blockchain enables self-sovereign identity and cryptocurrencies enable self-sovereign money.
We remain committed to our vision in creating the world’s largest crypto and DeFi market. Tex Market serves as the primary pillar on which global commerce can excel efficiently, compliantly and securely.
